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Islamic banking in Egypt increases to EGP 1.14trn in 2024

Summary by Daily News Egypt

The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to December 2023, reflecting a strong 68% growth rate. Egypt’s banking sector currently includes 15 banks licensed by the Central Bank of Egypt (CBE) to offer Islamic banking services…

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Daily News Egypt

Islamic banking in Egypt increases to EGP 1.14trn in 2024

The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association (EIFA). This marks an increase of EGP 412bn compared to December 2023, reflecting a strong 68% growth rate. Egypt’s banking sector currently includes 15 banks licensed by the Central Bank of Egypt (CBE) to offer Islamic banking services…

1 day ago·Egypt

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Daily News Egypt broke the news in Egypt 1 day ago on Sunday, March 2, 2025.

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